“Over the course of three years and four months, the median home price about doubled to $1,225,000. The median home price is now 37% above the prior-bubble completely mind-boggling median price that afterwards everyone admitted had been based on totally crazy valuations. This has a real impact on rents, with average asking rent in the first quarter hitting $3,458 a month, or $41,500 per year. The median house prices range from $610,000 in Bayview, one of the more troubled neighborhoods, to nearly $6 million in Pacific Heights.”
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